2nd Nov 2006 07:02
Afren PLC02 November 2006 Afren plc (AIM: AFR) Appointment of Dr Rilwanu Lukman as non-Executive Chairman London, 2nd November 2006 - Afren plc ("Afren" or "the Company") announces theappointment of Dr Rilwanu Lukman as non-Executive Chairman The Board of Afren Plc is delighted to announce the appointment of Dr RilwanuLukman as Non-Executive Chairman with immediate effect. Dr Lukman was afounding director and shareholder in Afren and has been involved since theGroup's inception in 2004, to establish Afren as a leading pan African oil andgas independent Exploration and Production company. The appointment comes at an opportune time when Dr Lukman can devote more timeto the Company. As Chairman, Dr Lukman is reaffirming and strengthening theAfrican nature of the Company which is a competitive advantage in securingattractive oil and gas opportunities in Africa. Dr Lukman's significant previousappointments include Secretary General of OPEC (five terms), President of OPEC(nine sessions), Nigerian Minister of Petroleum Resources, Special Adviser tothe Nigerian President for Oil and Gas, Nigerian Minister of Foreign Affairs,Nigerian Minister of Mines, and Founder and Chairman of the African PetroleumProducers Association. Charles Jamieson, who was formerly Afren's Non-Executive Chairman and Mr RobertCathery, Non-Executive Director, are stepping down from the Board to pursueother interests. The Company would like to take this opportunity to thank MrJamieson and Mr Cathery for their valuable contribution to the early developmentof Afren. Brian O'Cathain, Chief Executive, commented: "We are honoured that Dr Lukman has agreed to become our Chairman. Dr Lukman'spre-eminent African Oil & Gas experience will be invaluable in helping furtherdevelop Afren's African identity and presence, which is an importantdifferentiating strategic advantage of the Company." Enquiries: Afren +44 20 7182 1800Brian O'Cathain [email protected] Shahenshah [email protected] Pelham Public Relations +44 020 7743 6673James Henderson [email protected] Haythornthwaite [email protected] Background information Afren Afren (www.afren.com) was founded in December 2004 by a management teamincluding Dr Rilwanu Lukman with the vision to become the leading pan Africanindependent Exploration and Production company. Since the Initial PublicOffering in March 2005, Afren has rapidly expanded its African portfolio acrossfour countries; Nigeria, Sao Tome and Principe, Gabon and Congo. The Group isexpecting to produce 15 to 20,000 barrels per day by 2008 from its currentportfolio. Afren will continue to add to its diversified portfolio of near termdevelopments and high impact exploration licences with the overall objective ofcreating substantial shareholder value. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AFR.L